Workday, Inc. (NASDAQ:WDAY) Receives $296.25 Consensus Target Price from Analysts

Shares of Workday, Inc. (NASDAQ:WDAY - Get Free Report) have earned an average rating of "Moderate Buy" from the thirty-one ratings firms that are currently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $292.86.

A number of analysts recently issued reports on WDAY shares. The Goldman Sachs Group boosted their price objective on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. BMO Capital Markets raised their price target on shares of Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Mizuho reduced their target price on shares of Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. StockNews.com cut Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This represents a 5.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 66,455 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $26,729,781.44. This trade represents a 39.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 321,724 shares of company stock valued at $77,976,126. Insiders own 20.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WDAY. Crews Bank & Trust acquired a new stake in Workday during the 4th quarter worth $26,000. Roxbury Financial LLC purchased a new stake in Workday during the 4th quarter valued at about $25,000. Avion Wealth raised its holdings in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after acquiring an additional 86 shares during the last quarter. TCTC Holdings LLC purchased a new position in Workday in the 4th quarter worth approximately $35,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Workday in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Trading Up 4.9 %

Workday stock traded up $10.96 during mid-day trading on Friday, hitting $235.83. The stock had a trading volume of 551,714 shares, compared to its average volume of 2,619,352. The stock has a market capitalization of $62.73 billion, a PE ratio of 39.05, a P/E/G ratio of 3.55 and a beta of 1.32. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $241.68 and a two-hundred day simple moving average of $251.76. Workday has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. As a group, sell-side analysts forecast that Workday will post 2.63 EPS for the current year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.